Shares of Tesla Motors will have a hard time going higher because of the news surrounding the company, Andrew Left, Citron Research's executive editor, said Wednesday.
"What I underestimated [about] Tesla the first time is, when the Model S was introduced, nine of 10 stories were saying how great the car is, and the stock just followed. Right now, there's more balance," he told CNBC's "Fast Money: Halftime Report." "If you look at the Geneva auto show, which happened last week, it's no longer about if someone will have long-range electric vehicles in 2019-20, it will be who doesn't have them."
"It's going to take more to find that incremental buyer for this stock at these levels," he said. "Right now, you see a more balanced information news flow."
On Tuesday, Citron unveiled a short position on the electric carmaker's stock, citing the news flow around Tesla, as well as supply and demand issues.